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FARMINGTON, ME 04938

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The FARMINGTON, ME real estate market (04938) currently shows 21 active listings, with 3 pending sales. Homes are averaging 101 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 101 days on market compared to 91 days last year.

The median listing price has fallen 15.9% year-over-year, from $299,675 to $251,950.

Whether you are buying or selling in FARMINGTON, ME, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 10,261  ·  Density: 32.3/mi²  ·  Median household income: $52,471

Typical home value: $181,645  ·  Homeownership: 60.8%

Market Overview

Active Listings
21
⇩ 4.5% vs 22 last year
Pending
3
14% pending ratio
Median Price
$251,950
⇩ 15.9% vs $299,675 last year
Average Price
$334,612
⇧ 17.2% vs $285,550 last year
Days on Market
101
⇧ 11% vs 91 days last year

Price Per Square Foot

Median $/sqft
$192
⇩ 0.5% vs $193/sqft last year
Median Home Size
1,310 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 22 last year
  • Days on market: 101 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $251,950 (-15.9% YoY)
  • Average: $334,612 (+17.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.4 miles — 121 listings ($36,866,959 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04938Farmington, ME 049380.0 mi25$8,329,575$267,000$333,183
04294Wilton, ME 042948.6 mi5$3,090,000$618,000$618,000
04956New Vineyard, ME 0495610.1 mi4$1,173,332$275,000$293,333
04911Anson, ME 0491110.9 mi8$1,911,704$199,900$238,963
04978Smithfield, ME 0497814.6 mi3$888,399$290,000$296,133
04349Kents Hill, ME 0434915.4 mi6$2,562,000$367,000$427,000
04224Dixfield, ME 0422415.6 mi17$4,226,540$222,200$248,620
04221Canton, ME 0422116.1 mi5$1,408,500$336,500$281,700
04285Weld, ME 0428517.5 mi2$456,000$228,000$228,000
04950Madison, ME 0495018.9 mi23$5,120,237$225,000$222,619
04355Readfield, ME 0435520.6 mi7$4,120,900$442,500$588,700
04257Mexico, ME 0425721.0 mi12$2,122,440$169,950$176,870
04290Peru, ME 0429021.4 mi4$1,457,332$380,000$364,333

Frequently Asked Questions

How many homes are for sale in FARMINGTON, ME 04938?

As of February 2026, there are 21 active listings in FARMINGTON, ME (zip code 04938), compared to 22 the prior year.

What is the median home price in FARMINGTON, ME 04938?

The median listing price in FARMINGTON, ME 04938 is $251,950 as of February 2026, a 15.9% decrease from $299,675 the prior year.

How long do homes stay on the market in FARMINGTON, ME?

Homes in FARMINGTON, ME 04938 spend an average of 101 days on the market before going under contract, compared to 91 days the prior year.

Is it a seller's or buyer's market in FARMINGTON, ME 04938?

Based on current inventory and days-on-market data as of February 2026, FARMINGTON, ME 04938 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 101 days on market compared to 91 days last year.

How much can I save on real estate commission in FARMINGTON, ME?

With SELL123.com's maximum 3% commission, sellers in FARMINGTON, ME 04938 save an estimated $5,039 compared to a typical 5% commission on the median listing price of $251,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.